07:25
Oil prices rose on Friday in early trading. A barrel (159 liters) of the North Sea Brent for delivery in October cost 52.42 USD in the morning. That was 38 cents more than the previous day. The price of a barrel of the American variety West Texas Intermediate (WTI) rose by 33 cents to 47.76 dollars.
In the further course of the day, investors will note the publication of new data on the oil wells in the USA. In the past, the strongest decline since January had occurred here.
In addition, we will see the extent and consequences of Hurricane "Harvey", which, according to the US National Hurricane Center, will reach the US state of Texas on the night of Saturday. The hurricane is currently classified as the lowest category. According to meteorologists, however, a negative surprise is also possible. Possible devastation could also affect oil production.
As Hurricane Harvey Nears, Millions Of Home At Risk Of Hurricane Stormsurge Damage https://t.co/jY3hVcfSPN
– Emerge Biz Solutions (@ebstt) August 25, 2017
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06:35
Japan's stock markets have grown due to the stable yen on Friday. The deal was ahead of the tense-eulogized speeches by Fed chief Janet Yellen and ECB president Mario Draghi at the note-maker meeting in Jackson Hole. Investors were afraid of big commitments, said traders. They were waiting for evidence from Draghi on the ECB's exit from the bond purchases. According to insiders, this is not to be expected.
The Nikkei index rose 0.5 percent to 19,440 points. On weekdays, however, the Nikkei has lost 0.3 percent and is therefore the sixth consecutive week in minus. This is the longest loss track on weekdays since January 2014.
The dollar stabilized on the foreign exchange market. The US currency traded at 109.64 yen. That helped export values ​​like Toyota or Honda. The euro was for $ 1.1793.
(Cash / AWP / Reuters)